I. Yeah. Contrary to what some environmental organizations might have you believe. Alberta oilsands make up only about 4%. Of Canada's overall greenhouse gas emissions. As an entire country. Canada is responsible for about 2%. Of global emissions. To put that in perspective. Alberta oil -- contribute. Less than 110. Of 1%. Of all greenhouse gas emissions in the world that's 110 of 1%. Certainly all -- development is more carbon intensive than conventional oil. But the majority of the carbon footprint that comes from a barrel of oil 80% in fact. Comes from a vehicle's tailpipe. With a fuel is burned. Not during the extraction process. That's at the Alberta government government continues to address the challenge of climate change. In fact -- has won the first jurisdictions in North America to take a serious action on climate change. And last week we announced a very major initiative to reduce Albert is greenhouse gas emissions. As you -- know -- -- still -- announced just last week. That the Alberta government is investing two billion dollars in large scale carbon capture and storage projects. Carbon capture and storage. Is a -- -- typically proven technology. -- reduce carbon emissions from large scale operations. Michael sands extraction. Value -- operating and coal fired powergeneration. This technology will help -- -- meet the commitments we made in our new action plan on climate -- released earlier this year. Under this new strategy. Help murderer will reduce its greenhouse gas emissions -- -- -- fifty like 50%. Or 200. Million tons per year compared to business as usual. Carbon capture and -- -- Will be responsible for reducing 70%. Of our greenhouse gas emissions 2050. Initiative announced last week. Could encourage the development of facilities that will that will capture it permanently store. Up to five million tons of carbon dioxide. Per year by 2015. That's like taking 13 of all vehicles registered here in Alberta off the wrote. That's just the beginning of the potential to reduce CO2 through carbon capture and storage. So what comes after this announcement. We have issued an expression of interest document on our website. Looking for information for potential CCS projects proponents. Later this fall the province will issue a request for proposal RFP to -- in -- -- projects that have the greatest potential of being quickly built. In which will provide the best opportunities to make significant reductions in greenhouse gas emissions. This two billion dollars is a significant investment in our future as we take action on climate change. It's a significant example. Of -- Albert is doing more than talking when it comes to the future of our province in the future of our environment. The reality is Albert is already a leader in climate change action. We've long been working towards insuring environmentally responsible resorts development. And our legislation. And realist list of targets are producing very real results. As important as this carbon capture and storage initiative is to our future. Is not all that we are doing. For example last year -- became the first jurisdiction in North America. To legislate greenhouse gas reductions of large industrial facilities. So by law the largest industrial facilities including oil -- facilities. Must reduce their emissions intensity by 12%. Facilities can choose to reduce emissions by making operating improvements that will result in reductions. They can buy Alberta based credits from other large commuters can reduce their editors emissions. Or they can contribute. Fifteen dollars per ton to a fund. That will direct money -- to -- strategic projects. Where technology aimed at reducing greenhouse gas emissions. Results from this first year indicate that companies need two point six billion tons of actual reductions. That's equivalent to taking 550000. Vehicles off the role in one year. In addition the climate change fund generated a -- forty million dollars from these facilities. This is -- fun this this funding. That we can invest in future research and technology to reduce our greenhouse gas emissions even further. While -- is pursuing new initiatives to address climate change. In other issues surrounding resource development the truth is. We've long been practicing responsible resorts development and working to continuously improve it. Alberta has long been and continues to be a leader in establishing legislation. And policies that protect our land or water in -- air. We have put in place stringent legislation. And on the ground measures that involve land reclamation. Water controls in air quality. You might of heard at the old sounds like beneath the region about the size of Florida. Roughly about 54000 square miles. Over -- 140000. Square kilometers. -- -- that when people hear that they think that set the entire oil sands area will be will be -- mind. And that nothing could be further from the truth. In fact only a -- 162. Square miles. Or about 500 square kilometers. Have been distributed have been disturbed. By oil sands activities to date so that's less than 1%. Of the totaloil sands area. To put that in perspective. It is large. It's about twice the size of the city of Edmonton or half the size of the city Toronto. But it's certainly -- Florida. Not even rolled -- but. And it is less than 1% of the morial forest in Alberta. If you travel up north. You know -- how much aural oral force there is up there and across this country. And under -- strict reclamation standards. Every inch of land that is disturbed must be reclaimed sort can be productive again. And as we look into the future. Thanks to advancing technology and the nature of the resource. Over 80% of the resorts will ultimately be recoverable in -- two or in place. Which -- a much smaller environmental footprint and mining. Alberta also places. Strict limits on -- street water use. Against some individuals might have you believe that oilsands projects are using nothing more than fresh drinkable water to extract bitumen. In fact oil sands developers have drastically reduce their need to draw fresh water. For example some recycle more than 90%. Of their water. In their operations. And use saline water instead of fresh water whenever possible. The energy industry is only using about 13 of the water it has been allocated to use. And when it and when it comes to fair. In the oilsands region. Support for people to know that the air quality is monitored 24 -- today 365. Days a year. It's tested for air quality pollutants including carbon monoxide. Nitrogen dioxide. Apple's own fine particulate matter sulfur dioxide and hydrogen sulphide. In 2007. Air quality near Fort McMurray was rated good or better 90% of the time. In fact the air quality in the region is consistently better than in any major Canadian and American cities. Now ladies and gentlemen here's a fact. Alberta produces oil because the world needs oil. There is a world demand for all created by the needs of people of all walks of life. To travel to keep their homes to operate their businesses and do their jobs. Even with the growing demand -- murder will continue to have the resources to contribute to meeting the need. It's projected that it could take at least 100 years. To fully develop Alberta is oil sands alone. With decades of hydrocarbons still to beat out Alberta has a responsibility to act now and we are. The environmentally responsible development cover energy resources is a top priority for the Alberta government. And ensuring Alberta remains a major reliable supplier of oil is critical. For Alberta and for the world. With a vision for the future. The commitment to the environmental and a focus on real. On the environment and -- focus on the real practical strategies that allow us to achieve a balance between the environment and the economy. Alberta is stepping up. We are preparing for the future. As we prepare for the growing expansion. Thank you and everyone to enjoy your conference thank you. Thank you -- Okay. Okay.